The car you see here is a rare 1962 Ferrari 250 GTO Berlinetta with a chassis number of 3851GT and just one of the 39 250 GTOs ever built.

It is now also the most expensive car ever. during the Bonhams auction last week at the Quail Lodge during Pebble Beach, the car was auctioned for $38,115,000 USD (£22,843,633). The previous world record was 29.65M USD established in 2013 also at a Bonhams for a 1954 Mercedes-Benz W196R Formula 1 car.

“It’s been a genuine privilege to represent this outstanding car and we are absolutely delighted with today’s results. We’ve always maintained that we would exceed the current world record and that the car would bring between $30-$40-million and today the GTO did just that.” said Robert Brooks, Chairman of Bonhams,

Other cars from the very special Maranello Rosso Collection of ten important Ferraris also sold extremely well for a combined total $65,945,000 (£39,522,440).